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In Illinois, a quit claim deed is a legal document used to convey the interest of a property from the seller to the buyer without a guarantee that the property title is clean. Even more important, a quit claim deed doesn’t ensure that the Grantor (the person selling the property) has the legal right to sell the property. Generally, this type of document or agreement is made between family members or in cases of divorce, however, regardless of the situation, the seller should always conduct a thorough title search to ensure that the property has no major encumbrances.
Illinois Quit Claim Deed Laws - 765 ILCS 5/10
Transfer Tax Declaration - In the state of Illinois, a transfer tax must be paid either before the quit claim deed is filed, or at the time of its filing (Form PTAX-203)
Recording - A quit claim deed in Illinois is to be filed with the appropriate County Recorder’s Office along with the appropriate fees (if they haven’t already been paid).
Signing - Before being filed with the County Recorder’s Office, a quit claim deed must be signed by the Grantor in the presence of a Notary Public.